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SOLAUROR: what changed

Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.

What changed

SOLAUROR

BE 0739.783.267
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€13,494
2024 · -€12,783-€711
Equity
€116,550
2024 · €130,043-€13,494
Cash
€36,145
2024 · €63,549-€27,404
Balance sheet total
€982,515
2024 · €604,653+€377,862

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€341,511

    up €341,511 (+68.8%), from €496,673 to €838,184

    of which Land and buildings: +€811,834

  • Financial fixed assets +€80,000

    up €80,000 (+5,472%), from €1,462 to €81,462

  • Cash -€27,404

    down €27,404 (-43.1%), from €63,549 to €36,145

    mainly Investment in fixed assets (net) (-€443,427) and Net result for the year (-€13,494)

  • Receivables after one year -€15,000

    no longer reported in 2025 (was €15,000)

Equity and liabilities
  • Other debts +€395,130

    up €395,130 (+84.5%), from €467,816 to €862,947

  • Reserves -€13,494

    down €13,494 (-10.9%), from €124,043 to €110,550

Income statement
  • Depreciation -€4,239

    down €4,239 (-16.2%), from €26,156 to €21,916

  • Gross operating margin -€4,215

    down €4,215 (-27.1%), from €15,565 to €11,350

  • Other operating charges +€928

    up €928 (+67.8%), from €1,368 to €2,296

From the 2024 result to the 2025 result

effect on the result

Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.

Result 2024 -€12,783
Gross operating margin -€4,215
Depreciation +€4,239
Other operating charges -€928
Other operating items +€292
Financial charges +€18
Taxes -€117
Result 2025 -€13,494
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€416,023
Investment -€443,427
Financing €0
Cash 2024 €63,549
Net result for the year -€13,494
Depreciation +€21,916
Receivables after one year +€15,000
Receivables within one year +€3,126
Deferred charges and accrued income -€1,881
Trade debts -€3,224
Tax, wage and social debts -€551
Other debts +€395,130
Investment in fixed assets (net) -€443,427
Cash 2025 €36,145
brings cash intakes cash out
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €604,653 €982,515 +€377,862 +62.5%
Fixed assets 21/28 €498,135 €919,646 +€421,511 +84.6%
Tangible fixed assets 22/27 €496,673 €838,184 +€341,511 +68.8%
Land and buildings 22 - €811,834 +€811,834
Plant, machinery and equipment 23 €495,565 - -€495,565
Furniture and vehicles 24 €1,108 €26,350 +€25,242 +2,277%
Financial fixed assets 28 €1,462 €81,462 +€80,000 +5,472%
Current assets 29/58 €106,518 €62,869 -€43,649 -41.0%
Amounts receivable after more than one year 29 €15,000 - -€15,000
Other amounts receivable 291 €15,000 - -€15,000
Amounts receivable within one year 40/41 €25,676 €22,551 -€3,126 -12.2%
Trade receivables 40 €25,676 €15,473 -€10,203 -39.7%
Other amounts receivable 41 - €7,077 +€7,077
Cash at bank and in hand 54/58 €63,549 €36,145 -€27,404 -43.1%
Deferred charges and accrued income 490/1 €2,292 €4,174 +€1,881 +82.1%
Total equity and liabilities 10/49 €604,653 €982,515 +€377,862 +62.5%
Equity 10/15 €130,043 €116,550 -€13,494 -10.4%
Contributions 10/11 €6,000 €6,000 = 0.0%
Reserves 13 €124,043 €110,550 -€13,494 -10.9%
Distributable reserves 133 €124,043 €110,550 -€13,494 -10.9%
Amounts payable 17/49 €474,610 €865,966 +€391,356 +82.5%
Amounts payable within one year 42/48 €474,610 €865,966 +€391,356 +82.5%
Trade debts 44 €5,663 €2,439 -€3,224 -56.9%
Suppliers 440/4 €5,663 €2,439 -€3,224 -56.9%
Taxes, remuneration and social security 45 €1,131 €580 -€551 -48.7%
Taxes 450/3 €1,131 €580 -€551 -48.7%
Other amounts payable 47/48 €467,816 €862,947 +€395,130 +84.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €26,156 €21,916 -€4,239 -16.2%
Other operating charges 640/8 €1,368 €2,296 +€928 +67.8%
Non-recurring operating charges 66A €292 - -€292
Gross operating margin 9900 €15,565 €11,350 -€4,215 -27.1%
Operating profit (loss) 9901 -€12,251 -€12,863 -€612 -5.0%
Financial charges 65/66B €69 €51 -€18 -25.8%
Recurring financial charges 65 €69 €51 -€18 -25.8%
Profit (loss) for the period before taxes 9903 -€12,320 -€12,914 -€594 -4.8%
Income taxes 67/77 €463 €580 +€117 +25.3%
Profit (loss) for the period 9904 -€12,783 -€13,494 -€711 -5.6%
Profit (loss) for the period to be appropriated 9905 -€12,783 -€13,494 -€711 -5.6%

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.